Brief: K-Fastigheter Buys Building Right For Apartments In Gävle

K-Fast Holding AB

30/11/2021 07:33

Nov 30 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * K-FASTIGHETER BUYS BUILDING RIGHT FOR MORE RENTAL
APARTMENTS IN
GÄVLE
    * ENTERED INTO AN AGREEMENT WITH ALDERHOLMEN 4:34 AKTIEBOLAG
FOR
ACQUISITION OF PROPERTY ALDERHOLMEN 4:34 IN CITY OF GÄVLE
    * PROPERTY HAS RECEIVED A LEGALLY VALID ZONING PLAN ENABLING
CONSTRUCTION OF ABOUT 110 APARTMENTS IN GROUP'S PROPRIETARY
LATERAL LOW-RISE CONCEPT BUILDING, STARTING IN 2022
    * CONSTRUCTION IS EXPECTED TO START IN 2022
    * PURCHASE PRICE AMOUNTS TO SEK 28.5 MILLION AND ANNUAL
RENTAL
VALUE IS ESTIMATED TO APPROXIMATELY SEK 12.1 MILLION AFTER
COMPLETION, WHICH IS EXPECTED TO TAKE PLACE IN 2024

Source text for Eikon:  ID:nWkr4Pklb8 
Further company coverage:  KFASTb.ST 

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